Amerant (AMTB) Chief Credit Officer Lee Ann Cragg Surrenders 49 Shares for Taxes

What Happened

• Lee Ann Cragg, SEVP and Chief Credit Officer of Amerant Bancorp (AMTB), had 201 restricted stock units (RSUs) convert to shares on July 21, 2026. Of those, 49 shares were surrendered/ disposed to satisfy tax withholding at $25.86 per share (total ≈ $1,267). The conversion/exercise of the derivative RSUs is reported at $0 (typical for RSU vesting).

Key Details

• Transaction date: July 21, 2026
• Actions reported:
  • Conversion of 201 RSUs into 201 shares (derivative exercise M) at $0.00 (acquired).
  • 49 shares surrendered/ disposed to cover tax withholding (code F) at $25.86/share, totaling ~$1,267.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 = each RSU equals one share; F2 = 49 shares were surrendered to satisfy tax withholding; F3 = these RSUs were part of a 1,008-RSU grant on July 21, 2025 that vests 20% on each of the first two anniversaries and 60% on the third, subject to continued service.
• Filing timeliness: Report filed July 23, 2026 (appears timely; Form 4 is generally due within two business days of the transaction).

Context

• This was an RSU vesting event, not an open-market purchase or an intentional sale for investment reasons. The surrender of shares to cover taxes is a routine, administrative step (cashless/share-withholding) and does not necessarily indicate a change in insider sentiment. The derivative entries reflect the conversion of RSUs into shares at vesting.